How Much Does Car Insurance Cost in Denver?
In Denver, car insurance costs are considerably higher than the rest of Colorado. The average annual premium for car insurance in Denver is $2,232, while the Colorado state average is $1,757. Denver car insurance is above the U.S. national average of $1,548.
On average, you will pay about $186 per month for car insurance in Denver.
Car insurance premiums in Aurora are slightly higher than in Denver. Otherwise, most Colorado cities have lower car insurance premiums than Denver.
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Denver Car Insurance Rates by Zip Code
The zip code you live in can impact how much your car insurance will cost. There are 132 different zip codes in the Denver-Aurora-Lakewood metro area, and each one can be subject to different auto insurance rates. Other factors about the zip code area, such as the number of accidents or car thefts, also affect the car insurance rates.
Here are the average car insurance premiums annually for minimum coverage in Denver.
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Denver Car Insurance Rates by Age
Your age is a significant determining factor in how much you will pay for car insurance in Denver. For example, if you’re a teenager who’s just gotten your driver’s license, you’ll pay a whopping $7,010 per year on car insurance in Denver.
Your insurance rates will also be higher after you reach 70 than what you paid when you were in your 40s, 50s, and 60s.
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Discounts for Car Insurance in Denver
Drivers in Denver could save up to 30% on their car insurance through a Good Driver Discount if they have a clean driving record with no speeding tickets or at-fault accidents for three years,
Other discount programs in Denver can help bring down the cost of your car insurance premiums. Some of these discounts include:
Good Student Discounts – Young drivers who maintain a “B” average or higher in school can receive up to a 20% discount.
Continuously Insured Discount – If you’ve been insured for six months or more and haven’t let your policy lapse, then you may be eligible for this discount.
Driver Education – Drivers over age 50 qualify for a discount on their car insurance if they complete a defensive driving course.
Vehicle Safety Discount – You could be eligible for a discount if your car has certain vehicle safety equipment such as anti-lock brakes, airbags, and anti-theft devices.
Colorado is one of several states that prohibits insurance companies from offering customer loyalty discounts that reward customers for not switching companies.
What Are the Penalties for Driving Without Insurance in Denver?
Driving without the minimum liability coverage mandated by Colorado state law can result in some serious penalties in Denver. The offense is considered a Class 1 misdemeanor which could get you $1,000 or more in fines, a year in jail, a suspended driver’s license for up to eight months, and up to 40 hours of community service.
Drivers without insurance in Denver will also get four points on their driver’s license. Accumulating points on your driver’s license can lead to the suspension of your license. To have your driving privileges reinstated after being suspended, you’ll have to file an SR-22 or Certification of Financial Responsibility, which shows that you have obtained legal insurance coverage.
Get a Quote for Car Insurance in Denver Today!
Colorado state law requires you to have at least 25/50/15 liability coverage, so it’s wise to look into options for coverage. Finding a cheap car insurance plan that provides you with at least the minimum coverage required in your state can end up costing you less down the road if you should be pulled over without it.